Shell to acquire Indian solar developer for $1.55 billion
Shell has signed an agreement to acquire Solenergi Power, an Actis company that owns 100% of Indian developer Sprng Energy. The transaction, valued at $1.55 billion, is expected to close later this year.
Chinese PV Industry Brief: Longi, Zhonghuan raise wafer prices
A Chinese industry group has reported rising polysilicon prices and supply chain problems ahead, but GCL Technology said this week that strong polysilicon and wafer prices were the reason its business performed strongly in 2021.
OCI secures $1.2 billion polysilicon order from Hanwha Solutions
OCI will supply polysilicon from its manufacturing facility in Malaysia, which is expected to have an annual capacity of 35,000 metric tons by the end of June.
Energy Vault, NTPC sign deal for gravity-based energy storage
Switzerland’s Energy Vault will support Indian state-run power producer NTPC by deploying its gravity-based energy storage technology and software solutions.
Pin-probe bar for busbar-free solar cell production
Japan’s Kopel has developed a device with a thickness of just 1.2 mm, with contacts on all of the finger electrodes of busbar-less solar cells.
Historic shipment figures cannot mask huge profit hit for Jinko
With China’s latest pandemic clampdown exacerbating existing costs for raw materials and shipping, big annual rises in solar cell and module shipments added up to a more than 91% fall in income from operations in just three months.
CubicPV, Waaree sign 1 GW PV cell supply deal
US-based CubicPV will supply 1 GW of Direct Wafer silicon solar cells per year to Indian manufacturer Waaree Energies under a five-year contract. The cells will be supplied from its upcoming 2 GW factory in India.
Iran launches tender for 4 GW of solar
The Iranian authorities have kicked off a tender to select development proposals for solar projects up to 10 MW in size, from both domestic and foreign investors.
India’s race to 175 GW of renewables slowed by performance of key states
A new report shows that the Indian states of Andhra Pradesh, Madhya Pradesh, Maharashtra, Tamil Nadu and Uttar Pradesh accounted for two-thirds of India’s 65 GW shortfall on its 175 GW renewable energy target, as of March.
Wacker falls to fourth in global polysilicon ranking
The German company’s decision to cede market share to Chinese companies producing the material for solar panels, in order to focus on semiconductor-ready, electronic grade product, has seen it slip behind its rivals in terms of production scale.
